Public company | |
Traded as | : CMC S&P 400 Component |
Industry | Metals |
Founded | 1915 |
Headquarters | Irving, Texas, United States |
Key people
|
Joseph Alvarado, President & Chairman of the Board & CEO |
Products | Steel |
Production output
|
3.9 million tons of steel (2016) |
Revenue | US$4.610 billion (FY 2016) |
US$72.543 million (FY 2016) | |
US$54.762 million (FY 2016) | |
Total assets | US$3.130 billion (FY 2016) |
Total equity | US$1.367 billion (FY 2016) |
Number of employees
|
8,388 (August 31, 2016) |
Website | www.cmc.com |
Commercial Metals Company is a steel and metal manufacturer based in based in Irving, Texas.
The company owns steel minimills in Alabama, Arizona, Arkansas, South Carolina, Texas, and Poland and recycling facilities around the world.
In its fiscal year 2016, the company shipped 2.630 million tons of steel from its American mills and 1.254 million tons of steel from its mill in Poland.
The U.S. mills have 2.8 million tons of capacity and the Polish mill has 1.3 million tons of capacity.
The company was founded in 1915 by Jacob Feldman as a scrap trading company.
In 1994, the company acquired Owen Steel Company in an $87 million transaction.
In 2002, the company sold the heavy structural fabrication assets of SMI-Owen Steel, resulting in $20 million of proceeds.
In 2011, Carl Icahn offered to buy the company for $15 per share.